Vodafone Idea, which is facing a debt crisis, told the Department of Telecommunications that if it does not get timely support from the government on Adjusted Gross Revenue (AGR) dues, it will not be able to operate after the financial year 2025-26.
Vodafone Idea Ltd. (VIL), in a letter sent to the Department of Telecommunications (DoT) on April 17, 2025, requested to be given a new lifeline, saying that its comeback would be impossible if no support is received. VIL CEO Akshay Mundra said in a letter to the Telecom Secretary that without timely support from the government on AGR, the company will not be able to operate beyond 2025-26, because if it does not get a loan from the bank, it will not be able to proceed with the investment plan. If this happens, the improvement in operational performance will stop. The government has the highest 49 percent stake in the company. By converting spectrum fees and AGR dues into equity stake, the government has become the largest shareholder in the company.
There is also a risk of bankruptcy; 20 crore consumers may be affected.
Voda Idea said, if government assistance is not received and the company is unable to pay AGR dues, then the company will have to go to NCLT, and this will be a long process. In such a situation, the value of spectrum assets along with the network will also decrease, and telecom service may be disrupted for a short time. If this happens, its 20 crore users will be affected.
Hearing on waiver of 30000 crore dues on 19th
The Supreme Court on Thursday agreed to hear a new petition of VIL, in which a demand has been made to waive AGR dues of about 30,000 crores. The company's lawyer Mukul Rohatgi had requested an immediate hearing from the bench of Chief Justice Justice BR Gavai and Justice Augustine George Masih. The petition may be heard on May 19.
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